Willamette Valley Vineyards hires Michael Osborn as CEO effective May 19, 2025
WILLAMETTE VALLEY VINEYARDS INC
Osborn, former Wine.com exec, replaces Jim Bernau as CEO; Bernau remains President and Chair.
Annual base salary of $425,000 through 2026, then CPI-adjusted; bonus up to 25% of salary on pre-tax income above $3.5M.
Receives 15,000 common shares within 90 days, 7,000 annual PRSUs for 10 years, and 200,000 long-term PRSUs vesting at $12/$15/$20/$25 stock price targets.
Employment agreement allows remote work from Virginia with required travel to Oregon; severance of 4-12 months' salary depending on tenure.
On May 12, 2025, Michael Osborn, age 56, entered into an employment agreement with Willamette Valley Vineyards (the “Company”) to serve as the Company’s Chief Executive Officer, effective May 19, 2025.
Mr. Osborn will replace, Jim Bernau, who will continue to serve as the Company’s President and Chair of the Board of Directors of the Company.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Michael Osborn was appointed as Chief Executive Officer at WILLAMETTE VALLEY VINEYARDS INC.
Action
appointed
Role
Chief Executive Officer
Exact text from the filing
On May 12, 2025, Michael Osborn, age 56, entered into an employment agreement with Willamette Valley Vineyards (the “Company”) to serve as the Company’s Chief Executive Officer, effective May 19, 2025.
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